Missouri plans to remove $500 million of its pension fund investments from BlackRock, making it the latest state to divest from the giant asset manager in response to the company’s overt leftist agenda.
Missouri’s State Treasurer Scott Fitzpatrick announced the plans on Oct. 18.
The realignment followed Louisiana’s Oct. 5 announcement on its pending removal of $794 million from BlackRock and divestments of $100 million and $125 million by Utah and Arkansas, respectively.
The withdrawals result from BlackRock’s environmental, social, and governance (ESG) initiatives and its prioritization of a “woke political agenda.”
“We should not allow asset managers such as BlackRock, who have demonstrated that they will prioritize advancing a woke political agenda above the financial interests of their customers, to continue speaking on behalf of the state of Missouri,” Fitzpatrick told FOX Business….